David Cay Johnston: The Monopolists Rule

David Cay Johnston: talks about how changes in the national and local tax systems has been gamed to benefit those who have the most already at the expense of all the rest of us. This is part 1 of a 2 part series.

“You will even read about an insurance company owned by one of America’s most admired billionaires [Buffett] that asked a paralyzed man to die because the cost of keeping him alive was cutting into the insurer’s profits.”

“No other modern country gives corporations the unfettered power found in America to gouge customers, shortchange workers and erect barriers to fair play. A big reason is that so little of the news, which informs us about the world around us, addresses the private, government-approved mechanisms by which price gouging is employed to redistribute income upward.”

David Cay Johnston

Third World America.

 

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